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zhipengcfel
Jun 16, 2017 4:58 PM

Elliott wave analysis on UKOIL (2017-06-16) 

BRENT CRUDE OILTVC

描述

This is how I understand the movement in UKOIL with elliott wave analysis. I just shared it here and marked it as a education idea.

Comments and suggestions are welcome!

Good luck for everyone!

交易结束:到达目标

Be careful. Top formed here.

交易开始

tradingview.com/chart/jHqp4dh0/
It seems that it got supported. Buy again!

评论

评论

Wait for the pull back and prepare to buy at around 52.8.
评论
roxananechita
I like very much your analysis. Would you please update your view for Brent Oil?!
zhipengcfel
@roxananechita, I would suggest waiting for the pull back and buy a small position at around 52.8.
tbuckle
So you think down here for oil. Will USOIL trade similar?
zhipengcfel
DragonLee
Excellent analysis, any prediction on next wave?
zhipengcfel
@DragonLee, You are welcome. From current movement it is still hardly to say the correction has finished. We need more confirmation from the following week. If there is a huge bull next week, it shows the correction should have finished and we can buy and hold in a long term. If the up momentum is still weak next week, then long needs to be careful.
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